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Listed by William Melton • PAEZ REALTY COMPANY
$ 3,250,000
Est. payment /mo
Active
2303 N Indian Canyon Dr Palm Springs, CA 92262
19,602 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 19,602 sqft
Price per Sqft $165
Subdivision Racquet Club West
MLS Listing ID CV-25165133
Year Built 1966
Lot Size 0.450 Acres
Property Sub-Type Apartment
Property Description
Martinez & Associates, Inc. is proud to present Olivera Apartments, a 20-unit multifamily investment opportunity located in the heart of Palm Springs, CA. Located at 2303 N Indian Canyon Dr in the vibrant Uptown neighborhood, this fully occupied property consists of one-bedroom, one-bath units and sits on 0.45 acres with 20 on-site parking spaces. Built in 1966, Olivera features a well-maintained two-story layout with desirable amenities including a swimming pool, shared laundry, and convenient access to nearby retail, dining, and entertainment along the North Palm Canyon corridor. Tenants are responsible for electric and gas, while the owner covers water, trash, and common area electricity. Current rents are below market, offering significant value-add potential through interior upgrades and improved operations. With its premier location, below-market rents, and strong tenant demand, Olivera Apartments presents an ideal opportunity for investors seeking long-term growth and stable returns in one of Southern California's most iconic rental markets. Full offering memorandum available upon request using the contact information listed below!
Location
State CA
County Riverside
Area 331 - Palm Springs North End
Interior
Fireplaces Type Bath, Electric, Family Room, Gas, Kitchen, Living Room
Laundry Common Area
Exterior
Parking Features Gated
Pool Community
Community Features Biking, Sidewalks, Storm Drains, Street Lights
View Y/N No
View None
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer